Lenzing news and archive

Lenzing appoints Georg Kasperkovitz as chief operations officer

Austrian fibre manufacturer Lenzing AG will once again have a four-member executive board. On Monday, the group announced the appointment of Georg Kasperkovitz as chief operating officer (COO). The 58-year-old took up his new position on June 1, and subsequently, together with CEO Rohit Aggarwal, CFO Nico Reiner and Christian Skilich (chief pulp...

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New loan agreement: Lenzing secures 545 million euros

Austrian fibre manufacturer Lenzing AG has strengthened its financial base. On Thursday, the group announced that it had agreed to new financing through a syndicated loan of 545 million euros. Lenzing stated that this move would strengthen “the company's liquidity reserve with regard to upcoming refinancing”. According to the company, the new...

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Lenzing back in the black in first quarter

Austrian fibre manufacturer Lenzing AG started fiscal year 2025 with increased sales, despite difficult market conditions. The company also benefited in the first quarter from the effects of its extensive cost-cutting measures and was able to return to profitability. According to a statement released on Thursday, group sales for the period from...

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Lenzing Group announces departure of chief transformation officer

The Lenzing Group, provider of regenerated cellulose fibres, has announced that Dr. Walter Bickel, chief transformation officer, will step down from his role at the end of March 2025. Bickel’s departure comes as part of a mutual agreement with the company’s supervisory board. Bickel joined Lenzing’s managing board on April 15, 2024, with the...

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Lenzing sustainability report 2024: net zero goal is inching closer

Austrian cellulose fibre producer Lenzing Group has published its 2024 annual report alongside its sustainability report, the latter for the first time in accordance with the European Sustainability Reporting Standards (ESRS). Accordingly, Lenzing has updated its climate targets in 2024 to align its commitment to climate protection with the...

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Lenzing Group recovers in 2024, result remains negative

Austrian firm Lenzing Group, a manufacturer of regenerated cellulose fibers such as Tencel, increased its sales in the 2024 financial year by 5.7 percent compared to the previous year to 2.66 billion euros. The company attributes this increase primarily to higher fibre sales, which rose by 10 percent. At the same time, however, price levels...

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Lenzing revenues improve by 5 percent

The Lenzing Group revenue grew by 5 percent to 2 billion euros in the first three quarters of 2024 reflecting higher revenue from fibres, up 10.9 percent. The company expects that its performance program will make a greater contribution to further improving earnings in the coming quarters. The company confirms its guidance for the 2024 financial...

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Lenzing snaps up minority share in cellulosic fibre producer TreeToTextile

Cellulose fibre supplier Lenzing Group has acquired a minority share in producer TreeToTextile AB. It joins the likes of existing shareholders H&M Group, Inter Ikea Group and Stora Enso to back the Swedish firm. Like Lenzing, TreeToTextile’s interests also lie in the production of cellulosic fibre, with the company having been initially...

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CNMI reveals winners of Sustainable Fashion Awards 2024

The Camera Nazionale della Moda Italiana (CNMI) hosted its annual Sustainable Fashion Awards ceremony last night at Italy’s Teatro alla Scala, where 10 awards were presented to recipients recognised for their commitment to craftsmanship, the circular economy and innovation, among other qualities. The event, which was hosted in collaboration with...

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Lenzing unveils Tencel brand refresh

Cellulose fibre supplier The Lenzing Group has unveiled an identity refresh for its flagship textile brand Tencel, which will be adopting the renewed theme ‘Nature. Future. Us.’ in what looks to be an embodiment of its wider ethos. With the brand refresh also comes a strategic repositioning that Tencel hopes will help it navigate the evolving...

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Change of leadership at Lenzing: CEO Stephan Sielaff leaves at the end of August

The Austrian fiber producer Lenzing AG will implement the management change announced in June at the end of the month. On Wednesday, the group announced that CEO Stephan Sielaff will "leave Lenzing AG by mutual agreement with the Supervisory Board at the end of August 2024." Rohit Aggarwal will then take over the CEO position on September 1....

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Lenzing H1 revenues increase, cuts losses

The Lenzing Group revenue in the first half period grew by 4.8 percent to 1.31 billion euros due to higher revenue from fibres, up 9.3 percent. The company also announced that Rohit Aggarwal will replace Stephan Sielaff as CEO at the end of March 2025. “The Lenzing Group’s business performance continues to point in the right direction, even...